Commercial Vehicle Group Inc. (CVGI) Shares Up 4%
Shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) shot up 4% on Wednesday . The stock traded as high as $5.67 and last traded at $5.66, with a volume of 59,982 shares changing hands. The stock had previously closed at $5.44.
Separately, Seaport Global Securities downgraded shares of Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Wednesday, July 6th.
The company has a 50-day moving average of $5.03 and a 200-day moving average of $3.88. The firm has a market capitalization of $174.38 million, a price-to-earnings ratio of 30.132 and a beta of 1.77.
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Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. Commercial Vehicle Group had a net margin of 0.74% and a return on equity of 10.83%. Analysts forecast that Commercial Vehicle Group Inc. will post $0.21 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC acquired a new stake in shares of Commercial Vehicle Group during the second quarter valued at about $104,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Commercial Vehicle Group during the second quarter valued at about $131,000. Acrospire Investment Management LLC increased its position in shares of Commercial Vehicle Group by 73.6% in the second quarter. Acrospire Investment Management LLC now owns 25,948 shares of the company’s stock valued at $135,000 after buying an additional 10,998 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Commercial Vehicle Group during the second quarter valued at about $158,000. Finally, JPMorgan Chase & Co. increased its position in shares of Commercial Vehicle Group by 3,447.5% in the second quarter. JPMorgan Chase & Co. now owns 36,681 shares of the company’s stock valued at $191,000 after buying an additional 35,647 shares during the last quarter. 56.65% of the stock is currently owned by institutional investors.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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